Translated material
The cost of war in Ukraine. Online January 11
The Bell continues to host an online video dedicated to the economic consequences of the war in Ukraine that began on February 24, 2022.
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This online is complete. Read the continuation here .
19:36 Inflation in Russia from the beginning of the year to January 9 amounted to 0.24% due to the indexation of transport tariffs since the beginning of the year and fruit and vegetable products, which have risen in price by 6.5%.
The inflation forecast of the Central Bank for 2023 is 5-7%, the Ministry of Economic Development is 5.5%. Economic Development Minister Maxim Reshetnikov expects inflation to fall significantly at the end of the first quarter, and in the second quarter it will be below the target of 4%. So far, in annual terms, inflation is at the level of 11.6% after 11.9% for the whole of 2022.
18:36 Defense Minister Sergei Shoigu has appointed Chief of the General Staff Valery Gerasimov as Commander of the Joint Group of Forces instead of Sergei Surovikin. His deputies were Surovikin, Commander-in-Chief of the Salyukov Ground Forces, and Colonel-General Kim, Deputy Chief of the General Staff.
The Ministry of Defense explained the increase in the level of leadership by expanding the scope of the tasks of the SVO, organizing closer interaction between the branches and branches of the troops, as well as improving the quality of all types of support and management efficiency.
18:11 The British authorities have confirmed that they will also supply Challenger-2 tanks to Ukraine. A spokesman for the prime minister's office said Rishi Sunak had instructed Defense Secretary Ben Wallace to "expand and accelerate support for Ukraine, including tank deliveries," with partners.
17:08 Poland will transfer to Ukraine a company (in the Polish army - 14 units) of Leopard 2A4 main battle tanks. This was announced by the President of Poland Andrzej Duda in Lviv, where he met with the Presidents of Ukraine Volodymyr Zelensky and Lithuania Gitanas Nauseda. Duda said bluntly that he expects other NATO countries, which are considering such a possibility, to follow Poland's example.
15:53 Inflation at the end of 2022 amounted to 11.9% - Minister of Economic Development Maxim Reshetnikov. He expects a significant reduction in inflation at the end of the first quarter of this year, and in the second quarter of values below the target of 4%.
14:46 One of the world's largest oil traders, Trafigura, got rid of 24.5% in India's third-largest refinery, which it owned jointly with Rosneft.
- The buyer of a stake in Nayara Energy, which owns a refinery for 20 million tons in Vadinar and a large network of filling stations, is Hara Capital. This is a division of the Italian investment group Mareterra (former Genera Group).
- Rosneft and the Kesani Enterprises consortium (Trafigura and Ilya Shcherbovich's UCP Investment Group) bought 49.13% of Essar Oil each in 2016 from Indian billionaires Shashi and Ravi Ruya. After a mega-deal approved at the interstate level, Essar Oil was renamed Nayara Energy.
- The amount Trafigura will receive for its stake is unknown, but six years ago Rosneft valued the entire asset at $12.9 billion.
- The fact that Trafigura wants to sell its stake in Nayara Energy and is considering Genera Group as a candidate became known at the end of 2021. Last summer, Trafigura sold its 10% stake in the Vostok Oil project with Rosneft in Taimyr.
13:54 The Tverskoy Court of Moscow has arrested in absentia the son of VimpelCom founder Dmitry Zimin, philanthropist Boris Zimin (recognized as a foreign agent in Russia) on charges of particularly large-scale fraud.
The materials of the case confirmed that it is connected with the alienation of BelkaCar carsharing shares, and that German investor Ralph Novak is the second defendant in it. It contains two episodes: the theft and sale of a controlling stake in the Russian company Brainston and the illegal sale of 52.4% of the shares of the Cypriot BelkaCar Ltd. A lawsuit against the defendants for 4 billion rubles was filed by a German citizen Benedikt Sobotka.
Defense lawyer Alexander Antipov told RBC that the client considers the process political. “Until 2019, Zimin did not know the people involved in the corporate conflict,” the defender noted. Prior to this, Zimin had already characterized it as "tinsel, pretext and disguise."
- Boris Zimin is known as the first public sponsor of the Anti-Corruption Foundation (FBK, recognized as an NGO-foreign agent and extremist organization), founded by Alexei Navalny. And the Sreda Foundation he created, among other things, financed Dozhd and Mediazona, recognized by the media as foreign agents. Zimin has not lived in Russia for many years.
- BelkaCar was one of the pioneers of the Russian car sharing market. In 2019, the “daughter” of BMT Private Equity, founded by Dmitry Zimin, became the sole owner of BelkaCar, which by that time had lost the fight for the key Moscow market to Yandex.Drive. Zimin's company, a former BelkaCar venture investor, bought out a majority stake from the Swiss Winterberg Group (the former Bryanston, with which the service had litigation). The Bell wrote more about the essence of the matter here .
13:46 Since the end of last year, the former Russian "daughter" of the Finnish food concern Valio officially belongs to "Denir" LLC - the company of beneficiaries of the manufacturer of sausages GC "Velkom", writes " Interfax".
Valio announced her departure from Russia in April 2022. The main assets - a processed cheese plant in the Moscow region and the Viola brand - were received by the Velcom group of companies. In October last year, Valio LLC changed its name to Viola LLC, which became the subject of the transaction. The company agreed not to disclose its amount.
Velcom was founded in the Moscow region by the Demins in the 1990s (the family retains a minority stake and manages the company), control belongs to the Swiss Parintek.
12:15 The Central Bank announced that from January 13, within the framework of the budget rule, it will resume the purchase (sale) of foreign currency on the domestic market. Operations will be carried out in the currency section of the Moscow Exchange in the instrument "Chinese yuan - ruble" with a settlement term "tomorrow", the regulator said in a statement. On this news, the yuan and the dollar on the Moscow Exchange began to fall in price.
According to the MMI telegram channel, we are talking about the sale of yuan on the market, since the Ministry of Finance receives less oil and gas revenues at current prices. the volume of lost oil and gas revenues The agency estimated in January at 54.5 billion rubles.
The main thing for the night and morning:
- The Ministry of Digital Development continues to look for ways to return IT specialists who have left to Russia. Among the possible measures now being discussed are guaranteed reservations from conscription into the army and payment for a flight to Russia (as “carrots”), as well as an increase in personal income tax (as a “stick”), Kommersant . learned The agency does not support the idea of a ban on remote work from abroad and the introduction of protective taxes.
- The head of "PMC Wagner" Yevgeny Prigozhin announced "taking control of the entire territory of Soledar" in the Donetsk region. Around midnight Moscow time, he reported that "a cauldron has been formed in the center of the city, in which urban battles are being waged." The Ukrainian authorities have not yet confirmed the information. In the morning report, the General Staff of the Armed Forces of Ukraine reports only that shelling continues in the Soledar area. According to the American Institute for the Study of War (ISW), Russian troops have not yet succeeded in completely capturing Soledar. The transfer of this city to Russian control may complicate the defense of the much larger Bakhmut, located 15 km from Soledar, for Ukrainian troops.
- The Khamovnichesky Court of Moscow, at a meeting that dragged on until the night, confiscated a stake in the Far Eastern Shipping Company (FESCO) owned by Ziyavudin Magomedov and businessmen associated with him. The reason was the participation of Ziyavudin's older brother, Magomed Magomedov, in business while working in the Federation Council. After turning into state revenue, FESCO shares will be at the disposal of the Federal Property Management Agency, which will then hold an auction for their sale, writes . Kommersant
- Vedomosti learned about the end of the inheritance conflict in Natura Siberica. According to the publication, three children of the founder of the cosmetic company Andrei Trubnikov - Dmitry and Ekaterina from their first marriage and Elizabeth from the second - received shares in the group's legal entities. The conflict between Trubnikov's relatives began after the death of a businessman in January 2021 and almost led the business to collapse . How "a man with a dried toad around his neck" built a large cosmetics company that entered the European market, and how the heirs divided it, we told here .
- Magnit may launch a new chain of discounters, reports Kommersant . According to the publication, the development of the concept of the new network began in 2022, in the first quarter of this year it can be approved, after which it is planned to open the first stores. Against the backdrop of a growing trend towards consumer savings, discounters are one of the fastest growing formats on the market.